Smiths Industries has acquired Hampshire-based Stewart Hughes, a privately-owned manufacturer of electronic systems for the aerospace sector, for £8.3m.
East meets west
Government-aided charity Enterprise Europe will fund and arrange the secondment of an east European specialist to British businesses for one month. In return for training and know-how, companies gain a contact and market research. Midlands-based Cudworth Engineering has already taken advantage of the scheme. For information phone 0171-407 1120.
Rugby Joinery, manufacturer of wooden doors and windows, is to cut 100 of its 2,500 staff: 80 at its Doncaster plant, which is to be closed, and 20 in Sheffield. The Doncaster window work will be transferred to a plant in Melton Mowbray, Lancashire.
Chemical jobs go
Chemicals giant Zeneca is to cut 130 jobs over the next three years, with 470 staff to go at its Yalding agricultural chemicals factory in Kent.
Dana finds bearings
Dana Corporation of the US has been confirmed as buyer of the Glacier-Vandervell bearings businesses from Federal-Mogul. The businesses were formerly part of the T&N group bought by Federal-Mogul earlier this year and disposed of for anti-trust reasons.
Southampton boatbuilder Halmatic has been bought by Vosper Thornycroft from Hunting. The company, which designs and makes advanced fibre re-inforced plastic workboats, has 100 employees and a turnover of £10m.
The next issue
The Engineer will next be published on 20 November. Keep up with news at www.theengineer.co.uk